Important Service Advisory: Larger Cash Withdrawals Exceeding ₱500,000.00
To our Valued Customer,
We wish to inform you that the Bangko Sentral ng Pilipinas (BSP), through Circular No. 1218, Series of 2025, has issued new regulations on large value cash transactions effective, Monday, 06 October 2025.
Large cash withdrawals exceeding ₱500,000.00 or its foreign currency equivalent shall only be made, facilitated, or transacted through cheque payment, fund transfer, direct credit to deposit accounts, and/or other form using digital platform or the HSBCnet app. The PHP500,000.00 limit maybe carried out in a single transaction or in series of transactions within one (1) banking day.
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LMP is an online service on HSBCnet that offers a consolidated view of your global cash positions and provides tools to help you self-manage your liquidity to facilitate improved, better informed funding and investment decisions.
The LMD grants a real-time view of cash positions by location and type of deposit across bank accounts held with HSBC and 3rd Party Banks. At the click of a button, you can drill-down from a consolidated view of your organisation's global balances to individual account defined in your functional base currency and aligned with your reporting requirements.
The LMP's GLS Self-Service tools allow you to view and amend cash pooling structures to optimise use of your organisation's liquidity. It offers full visibility of liquidity structures by providing an on-screen view rather than fixed reports for an enhanced visual experience. It also provides the ability to amend structures and manage parameters.
Get in touch to learn more about our banking solutions and how we can help you drive your business forward.